Multiple Choice
Which of the following is a correct statement?
A) Rent control and the minimum wage are both illustrations of price floors.
B) Rent control is an illustration of a price floor and the minimum wage is an illustration of a price ceiling.
C) Rent control and the minimum wage are neither illustrations of price floors nor price ceilings.
D) Rent control is an illustration of a price ceiling and the minimum wage is an illustration of a price floor.
E) Rent control and the minimum wage are both illustrations of price ceilings.
Correct Answer:
Verified
Correct Answer:
Verified
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